Exam 2: Ethics and Social Responsibility of Business

Kantian ethics is also referred to as ________ ethics.

Which of the following moral theories would closely follow the categorical imperative "Do unto others as you would have them do unto you"?

How are ethical rules established in Rawls's social justice theory?

Conch Corporation,a global oil and gas company,plans to open a subsidized postsecondary vocational school in the town of Cristen,where one of its offices is situated.The plan is put to vote and then approved despite some objection from shareholders.The school is being opened in collaboration with the local government.Its objective is to help the youth of the neighborhood,especially dropouts,learn a vocational skill.What social responsibility theory describes Conch Corporation's move to open the school?

Give an account of the social responsibility of businesses.List its four main theories.

Ethical relativism holds that moral standards ought to be based on an individual's feelings of what is right and what is wrong.

Reversibility is a principle of Kantian ethics according to which ________.

The principle of inconsistency of Kantian ethics postulates treating all ethical cases differently.

ULab Inc. ,a biotechnology firm,lost one of its offices in a fire.The employees did not have a fire drill,and the 10-story building had no fire escape.This resulted in many employees being hospitalized for physical injuries,burns,and toxic smoke inhalation.What important social responsibility theory did ULab neglect by not having a fire drill for its employees and not installing a fire exit?

Which of the following moral theories represents the dictum "I will keep the rules if everyone else does"?

The ________ Act enacted by Congress in 2002 requires public companies to adopt codes of ethics and establishes criminal penalties for companies that partake in violations.

Under the moral theory of ________,a person looks to an outside source for ethical rules or commands.

________ is a set of moral principles or values that governs the conduct of an individual or a group.

Jules Renton,a financial accountant at Valkyrie Aviation,deals with Valkyrie's accounts with the government.Valkyrie has a contract with the government to deliver a bomber plane called Spearhead.When reviewing the Spearhead account,Renton noticed that Valkyrie has been falsely charging the government for Spearhead's production.If Renton chooses to be a whistleblower and expose the scam to the government,which Congress-enacted statute must he invoke?

Steve Templeton,the CEO of Rolland Motor Company,is contemplating the shutdown of a plant in Kantron.The plant has been unprofitable for some time now,and there is an increasing pressure from shareholders to shut it down so as to balance the loss being incurred by the shareholders.Closing the plant would result in the employees losing their jobs and the local suppliers losing a major buyer.It will also have an adverse effect on the community of Kantron as the plant is one of the main sources of employment for the locals.Steve considers all these factors before deciding the fate of the plant.After considering all the factors,if Steve finds that the loss to the employees and the community is far greater than that incurred by the shareholders and decides to keep the plant open,which of the following moral theories matches Steve Templeton's approach to the situation?

Sinbad Cola,a soft drink manufacturer,opened a plant in Buron.The waste from the plant was released into the Buron Sea,which was situated a mile away from the plant.Releasing the wastes into the sea resulted in water pollution and groundwater contamination.The water pollution in turn negatively affected Buron's fishing business.Sinbad Cola compensated for this by bringing the contamination levels down with additional filters and paying for the damages to the local fisheries.Which theory of business social responsibility did Sinbad Cola comply with when it compensated for its harmful waste disposal methods?

The moral theory that dictates that people should choose the action or follow the rule that provides the greatest good to society is referred to as ________.

________ is a moral theory that holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.

The ________ theory of social responsibility states that a corporation must consider the effects its actions have on persons other than its shareholders.